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To: Jeff who wrote (17920)	4/3/2001 2:16:10 PM
From: dreamer	Read Replies (1) \| Respond to of 19297

News Release: IDNW Revenues Jump 272% in Fourth Quarter 2000 DALLAS--(BUSINESS WIRE)--April 2, 2001--iDial Networks, Inc. (OTCBB:IDNW) today announced record revenues of $923,521 for the fourth quarter ended December 31, 2000, a growth of 272% from $248,497 for the comparable period in 1999. Full year 2000 revenues were $2.2 million, a 38% increase over the $1.6 million revenues in 1999. iDial Networks, Inc. increased gross margins on the sale of its products and services by 10%, to approximately 22% in 2000 as compared to a overall gross margin of 12% in 1999. Net Tangible Fixed Assets increased to $2.7 million in 2000, a growth of over 951% from $0.25 million in 1999. "As we look back on the year 2000 and ahead into 2001, we executed a fundamental shift in our business model during the year 2000 from being primarily a VoIP provider to a marketing and sales driven company. This fundamental shift has been the key underlying driver of our growth," commented Chairman of the Board, Mark T. Wood. "Last year was a very challenging year for iDial Networks, Inc.," said Carl K. Battie, Vice-Chairman of the Board. "The integration of our acquisitions, developing and launching new, leading edge products, as well as signing up new customers and distribution channels were paramount to a successful future. I'm proud of how we accomplished these challenges in 2000 and look forward to our continued growth in 2001." iDial Networks, Inc. reported a net loss for the full year 2000 of $2.2 million, or $0.075 per share before inclusion of $5.4 million of one-time, mostly non-cash charges relating to the merger and acquisition of Whoofnet.Com and 2Sendit.Com, development of strategic relationships, depreciation, amortization and a charge against the value of investments. With these charges included, the full year 2000 loss was $7.6 million, or $0.26 per share. About iDial iDial Networks, Inc., www.idialnetworks.com, an application service provider in leading communication technologies, provides a wide range of Voice over Internet Protocol (VoIP) services, Internet-activated applications and products that bring affordable telecommunications services to users around the globe. The company is building a next generation VoIP and TDM network based on carrier class technologies from Cisco Systems (NASDAQ:CSCO) and Microsoft Corporation (NASDAQ:MSFT). iDial Networks, Inc. is actively seeking to diversify and grow its operations internally and through selective, well-structured acquisitions. The Company will continue on its path of growing internally and acquiring profitable businesses and service providers that compliment iDial Networks diversified geographical, product and retail/wholesale composition. Safe Harbor Statement Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Reform act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price, volatility, product demand, market competition, risk inherent in the Company's domestic and international operations, imprecision in estimating product reserves and the Company's ability to replace and expand its holdings. CONTACT: iDial Networks, Inc Investor Relations, 954/578-5333 investor@idialnetworks.com